Section 40A(3) scrutinizes cash payments over limits to Electricity Company, targeting black money and allowing business needs.

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....Disallowance of Expenses u/s.40(A)(3) - cash payments made to Electricity Company for the supply of Electricity. - the paramount consideration of section 40A(3) is to curb and reduce the possibilities of black money transactions and section does not eliminate considerations of business expediencies. - AT....